“Ned Goodman, founder and chief executive officer of holding company Dundee Corp., shed the last of his bank shares after forecasting global inflation will make investments such as gold stocks and organic beef more rewarding. Goodman, who oversees about C$10 billion ($9.6 billion) for Dundee and its investments in real estate, precious metals, energy and infrastructure, sold the last of the company’s Bank of Nova Scotia shares earlier this quarter. With the U.S. Federal Reserve and other central banks printing money, it’s only a matter of time before currencies lose value and inflation rises, Goodman said.”
http://business.financialpost.com/2013/08/08/ned-goodman-ditches-bank-stocks-for-gold/
Related posts:
First 50 South African farming families to resettle in Russia due to land confiscation
Supreme Court Limits Warrantless Vehicle Searches Near Homes
Trump warns UK that banning him would be an economic mistake
USPS to raise stamp prices again, blames shrinking delivery volume
Fannie Mae record profit: How long until it pays back bailout money?
Going, Going, Gone: Crisis-Plagued Madrid Sells Out City Assets
Police Bullets Hit Bystanders, and Questions Rise Yet Again
Scotland's independence could see descendants worldwide eligible for passport
Scotland - In Or Out Of The UK?
A surprising map of the countries that are most and least welcoming to foreigners
Obama gives 83% of export loan guarantees to Boeing
For some blacks, gun control raises echoes of segregated past
Death Of The S Corp As A Tax Election?
The dangerous drift towards world war in Asia
Angry bondholders storm Bank of Cyprus building, damage windows